MARYLAND ECONOMIC COUNCIL

[photo, World Trade Center, 401 East Pratt St, Baltimore, Maryland] William D. (Will) Castleberry, Chair (chosen by Governor)

Appointed by Governor: not yet appointed

Ex officio: Aruna K. Miller, Lt. Governor; Helene T. Grady, Secretary of Budget & Management; Kevin A. Anderson, Secretary of Commerce; Portia Y. Wu, Esq., Secretary of Labor; Patrick J. McLoughlin, State Chief Data Officer.

Staff:

c/o Office of Secretary, Department of Commerce
World Trade Center, 401 East Pratt St., Baltimore, MD 21202 - 3316
(410) 767-6300; 1-888-choosemd (toll free); fax: (410) 333-8628; tty: (410) 333-6926

World Trade Center, 401 East Pratt St., Baltimore, Maryland, November 2009. Photo by Diane F. Evartt.

Annual Report first due Jan. 1, 2024, & due Oct. 1 thereafter (Executive Order 01.01.2023.09).
In June 2023, the Maryland Economic Council was created by the Governor (Executive Order 01.01.2023.09).

Economic policy advice and recommendations are provided by the Council to the Governor.

The Council identifies and tracks underlying economic factors that impact the macroeconomic environment. These include interest rates, systematic risks in the banking system, disruptions to the global supply chain, the gross domestic product, unemployment rates, and innovations. Projected impacts of State policy on taxes, specific investment proposals, the competitiveness of the State's economy, and the strengthening key economic metrics are analyzed by the Council. The State's current economic development policies and activities are evaluated by the Council to identify techniques that foster greater economic and business development, and support commerce.

Another charge of the Council is to examine existing economic policy instrumentalities, boards and commissions within the State, including, but not limited to, the Maryland Economic Development Corporation, the Maryland Technology Development Corporation, and the Maryland Economic Development Commission. Thereafter, the Council will develop a plan to coordinate each entity's distinct mandates, and identify potential areas for collaboration to meet desired goals. In addition, the Council will review current economic policies through an equitable lens to ensure fairness and help eliminate the racial wealth gap; and assess and highlight the economtc and competitive impact of Maryland's commitment to policies of inclusivity, openness, and diversity.

The Governor appoints no fewer than five, nor more than fifteen of the Council's members. Four members served ex officio.

Authorization for the Council ends January 20, 2027.

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